The increase in extreme weather is causing a few headaches for Texas landlords, one of which is the skyrocketing cost of insurance premiums over the past few years. However, insurance…
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10 best landlord insurance companies in Florida [2024 guide]
With more hurricanes and other natural disasters causing extensive damage across Florida, many rental property owners have been scrambling to manage costly repairs and rising property insurance premiums. Several insurers…
Deducting HELOC interest on rental property: Tax rules explained
A home equity line of credit (HELOC) is a useful tool for investors wanting to upgrade their property or use the funds to buy a new property. However, the tax…
Is mortgage insurance tax deductible on a rental property?
Can deducting mortgage insurance reduce your taxable net income and put more money in your pocket? With the IRS’s maze of rules and regulations, pinpointing exactly what you can deduct…
Deducting insurance for rental property: Tax rules explained
When tax season rolls around, do you wonder whether you’re missing out on critical deductions? Knowing which operating expenses you can and can’t deduct could determine whether you pay more…
Deducting HOA on a rental property: Tax rules explained
Did you know you may be able to save money on taxes every year by properly deducting homeowners association (HOA) fees for your rental property? These tax savings could really…
A free rental property pro forma template (+ How to use it)
A rental property pro forma is a comprehensive document that projects the income and expenses of a particular property. It typically offers the prospective buyer a crystal-clear picture of their…
How to depreciate improvements to your rental property
Improvements to a rental property benefit you in multiple ways. In addition to increasing value, they offer several tax benefits you may not have considered previously. However, an improvement is…
The 10 best sites to advertise a rental property
Filling a vacant rental property can sometimes feel like a race against the clock. With each passing day, an empty unit means lost revenue. Quickly finding a quality tenant requires…